In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, and apparently exiting the late-night television business altogether. The network, citing financial pressures,

Late night television in recent years hasn't been quite as much of a staple of network television like in the days of David Letterman and Jay Leno, but CBS' move against The Late Show with Stephen Colbert will still come as a shock to many.

The network has called the cancellation “a purely financial decision”—but it feels like only the beginning of the end for an entire genre.